Retail Banking News Updates, March 7th 2012

HSBC names head of Wealth Management for AP
HSBC has appointed Vineet Vohra as head of its Asia Pacific wealth management unit. Prior to joining HSBC, Vohra was general manager, private bank, retail banking and wealth management for ANZ Singapore. He will be based in Hong Kong.

ANZ gets approval for Chinese retail banking license
Australia and New Zealand Banking Group has received regulatory approval from China Banking Regulatory Commission to conduct retail business in renminbi in China, making it the first Australian bank to receive a retail renminbi license.This will help expand the bank's capabilities to support Chinese customers in wealth management.

Citibank launches new retail strategy in India
Citibank India has launched Citibanking, a new retail banking strategy for customers in India. The new strategy is designed for customers who are upwardly mobile and maintain a relationship value of a minimum $4,000 with the bank.

 

Re-disseminated by The Asian Banker